The area was once the home to Hydrospace Dive Shop, The Marina Grill and Cantina's Restaurant. It’s being torn down along with the famous five-story tall Palapa or Tiki Hut.
Edgewater Construction and Syfrett Development are building a high rise condominium on the site which is located at the very western end of the Hathaway Bridge.
The marina at the site is not being destroyed. It will be renovated and permits for the project are currently being sought.
The developers earlier had sought to annex the property into the city of Panama City but have withdrawn that request.